Barack Obama tried to pat himself on the back for the Trump recovery, claiming it was his $800 billion dollar stimulus package that was responsible for today’s economy. He failed to mention that after passing the spending boondoggle four million jobs were lost. Job creation was so poor, they inflated the numbers by putting out a statistic of jobs created and saved. That was ridiculous.
How did President Trump turn the economy around? By continuing the policies of Obama? No. Just the opposite. He did it by reversing the policies of Obama. Obama raised taxes. Trump cut them. Obama added regulations out the wazoo. Trump did away with regulations. Obama created a business unfriendly agenda. Trump supported business and encouraged them to expand here.
Obama told us that manufacturing jobs were gone and were never coming back. He then mocked Trump and asked if he had a magic wand. The manufacturing jobs are back.
On Monday, former President Barack Obama attempted to take credit for President Donald Trump’s booming economy.
“Eleven years ago today, near the bottom of the worst recession in generations, I signed the Recovery Act, paving the way for more than a decade of economic growth and the longest streak of job creation in American history,” Obama posted Monday morning.
President Donald Trump’s team was quick to respond to the post, releasing a statement to Fox News mere hours after Obama’s tweet was published.
“President Trump reversed every single failed Obama-era economic policy, and with it, reversed the floundering Obama/Biden economy,” read a statement from Kayleigh McEnany, the Trump campaign’s national press secretary. “Obama and Biden orchestrated the worst economic recovery in modern history.”
“By contrast, though, deregulating, lowering taxes, and supporting free-market policies, President Trump has created the hottest economy on record, with unemployment hitting generational lows and all-time lows for African Americans, Hispanics, the disabled, veterans and many other hard-working Americans,” continued McEnany.